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Acquisition Or Capital (Old Sinking Fund)

Volume 65: debated on Tuesday 28 July 1914

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Resolution reported,

"That it is expedient, for the purpose of providing money towards the sums authorised to be issued out of the Consolidated Fund for the acquisition of share or loan capital in the Anglo-Persian Oil Company, to apply, notwithstanding anything in the Sinking Fund Act, 1875, the Old Sinking Fund for the financial year ending the thirty-first day of March, nineteen hundred and fourteen, for that purpose to the extent of a sum not exceeding six hundred and fifty-four thousand eight hundred and thirteen pounds twelve shillings and seven pence."

Motion made, and Question, "That this House doth agree with the Committee in the said Resolution," put, and agreed to.

Ordered, That it be an Instruction to the Gentlemen appointed to bring in a Bill upon the Resolution reported from the Committee of the Whole House on the 7th day of this instant July, and then agreed to by the House, that they do make provision therein pursuant to the said Resolution.—[ Dr. Macnamara.]